The world order is at risk of a lasting split, with the United States and its allies on one side, and China and its partners on the other. As US Treasury Secretary Janet Yellen noted…
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Thai c.bank to hold rates until end-2022, calls for earlier hike grow louder
Thailand’s central bank will leave interest rates unchanged at their record low for the rest of the year to support economic recovery, but there are growing calls for an earlier rate rise amid …
UPDATE 1-Beijing to allow indoor dining, further easing COVID curbs
Beijing will further relax COVID-19 curbs by allowing indoor dining, as China’s capital steadily returns to normal with inflections falling, state media said on Sunday. Beijing and the commercial hub …
Bank of China, Everbright Bank fined US$2.2 million for flouting asset management rules
Bank of China and Everbright Bank become the first lenders to be fined by the mainland’s banking regulator along with their wealth management units, as their products fall short on risk limits.
Agricultural Bank of China steps up support for manufacturing industries
The Agricultural Bank of China one of the country largest commercial lenders has scaled up support for the manufacturing sector B …
China Development Bank issues 8b yuan in bonds to boost rural vitalization
The China Development Bank, one of the country’s policy banks, has issued a total of 8 billion yuan ($1.2 billion) of financial bonds to aid rural vitalization. Raised funds will be used as loans to…
China must switch from mass testing to vaccinations to move on from its wasteful zero-Covid policy
Less than half of China’s over-80s are double jabbed, yet little is being done on a national level to encourage the most vulnerable in society to get vaccinated Instead, the government seems intent on …
Hope Blooms for China Stocks as Analysts Stop Cutting Estimates
(Bloomberg) — A stabilization in earnings expectations is adding to optimism that the worst may be over for China’s beleaguered stocks. Most Read from Bloomberg One-Third of Americans Making $ …
NBA Commissioner Adam Silver says league lost ‘hundreds of millions of dollars’ due to China fallout, touches on Brittney Griner situation
NBA Commissioner Adam Silver admitted the league had lost “hundreds of millions of dollars” in revenue following a controversial fallout with China in October 2019.
China auto market gears up for faster recovery over stimulus package
China’s auto market is gearing up for faster recovery as policymakers flesh out details for a stimulus package to help the hard-hit industry that plays a critical role in boosting demand, lifting …
China leverages financial toolbox to spur domestic demand
Faced with resurgences of COVID-19 and external uncertainties, China is maneuvering monetary and fiscal policies to spur domestic demand. A State Council circular released on Tuesday specified …
Financial institution discusses China’s Meituan earnings for the first three months of 2022
Natalie Wu of Haitong International Securities Group explains what’s behind the food delivery company’s increase in revenue.
China orders U$120 billion infrastructure push amid slowing economy as Beijing steps up stimulus
A State Council meeting on Wednesday chaired by Premier Li Keqiang ordered China’s state-owned policy banks to set up an 800 billion yuan (US$119.6 billion) line of credit for infrastructure projects.
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